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Choose a law firm to eliminate your debt

23rd May 2011
By KG in Law
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People who have huge credit card debts often consider debt settlement as a possible debt relief solution. However, consumers are pretty scared about debt settlement scams these days. They are reluctant to hire debt settlement companies. If you are facing a similar problem, then consider hiring law firms. Why law firms are a better choice over debt settlement companies? Here are four reasons:

1. Law firms are usually free from scams. On the other hand, most debt settlement companies indulge in unethical practices and violate FTC guidelines.



2. If you hire a law firm, you would get legal representation (if and when required). Debt relief processes often require you to sign complicated legal documents. With an attorney by your side, you would get proper advice at the right time. Also, a law firm will provide you attorney representation, if you need to file bankruptcy.



3. A debt settlement company will always recommend you debt settlement. But debt settlement might not be a suitable solution for everyone. Law firms, on the other hand, will offer you multiple debt relief solutions ranging from debt consolidation to bankruptcy. You have the option to choose the best debt relief solution for yourself.




4. Attorneys provided by a law firm are experts on debt laws. If a creditor tries to violate FTC guidelines or harasses you during negotiation, then your attorney will sue him. Therefore, you would be protected from the dangers of creditor harassment, if you hire a law firm.



However, choosing a law firm can be a tricky business. So remember the following things before hiring a law firm:

1. The law firm must be a member of the Better Business Bureau (BBB). You should understand that all reputable law firms have a decent rating with the BBB. Accreditation from the BBB is an assurance that the services from the concerned firm will meet some basic standards.



2. It is wise to opt for a debt settlement law firm rather than a general law firm. This is because a debt settlement law firm would have more expertise and experience in debt related cases.



3. Look for testimonials while you choose a law firm. Testimonials prove a law firm’s credibility and success. If a law firm has sufficient testimonials, then you can safely assume that it has the potential to make you debt free.




4. Check the reputation of the law firm on the web. These days, the internet is inundated with reviews and customer feedback websites. You can easily get information about the concerned law firm from former clients. All firms have a few complaints against them. That should not bother you. But stay away from law firms that have overwhelming negative reviews.



5. Ask the fee structure of the law firm. It is no use hiring an expensive law firm, when you are already facing a financial crisis. Unlike debt settlement companies, law firms have a transparent fee structure, which is a good thing.



Law firms have experienced debt attorneys, who can definitely help you to get out of debt. However, remember the above points before making a decision.
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